1. Russia accuses Ukraine of obstructing Alaska Summit
The Russian Foreign Ministry has accused Kiev of trying to sabotage a summit between President Putin and former President Trump scheduled to take place in Alaska on August 15. This is the latest accusation to increase tensions ahead of the dialogue, which was expected to cool down the conflict in Ukraine.
2. Trump causes controversy with export fee model to China
The White House has proposed requiring US companies to pay a fee to export goods to China. The proposal has met with strong backlash from trade and export associations, who fear it will increase costs and reduce the competitiveness of US businesses.
3. Putin talks with North Korea about the US-Russia Summit
The Kremlin has said that strategic cooperation with Pyongyang is still being maintained and that it has updated the North Korean side on the progress of preparations for the Alaska summit. Analysts say the move is aimed at strengthening Russia's diplomatic position against the US.
News 13/8: Trump – Putin tensions, gold and oil fluctuate strongly
4. Europe outpaces the US in military aid to Ukraine
According to a report from the Kiel Institute for the World Economy, the EU has provided military aid to Ukraine worth a total of $102 billion, double the $46 billion provided by the US. This affirms Europe's leading role in supporting Kiev, while also creating diplomatic pressure on Washington.
5. OPEC raises global oil demand forecast for 2026
OPEC forecasts global oil demand will reach 106 million barrels per day (bpd) by 2026, up 21% from its previous forecast, thanks to strong growth in Asia. However, the organization also warned of risks from the shift to renewable energy.
6. Oil prices fall under pressure of weak demand
Despite OPEC's optimistic forecast, Brent crude oil prices fell 1.8% to 84.2 USD/barrel and WTI fell 2% to 80.7 USD/barrel, due to concerns about slowing global economic growth.
7. World gold trades cautiously
Gold prices held at $2,342/oz as investors paused trading to await the outcome of the US-Russia summit and US inflation data.
8. USD and Yuan both increase in value
The USD Index rose 0.3% to 103.2 points, while the Yuan rose to 7.19 CNY/USD, reflecting a shift in capital flows into strong currencies.
9. MXV-Index weakens
MXV-Index decreased 0.7% after 4 increasing sessions, mainly due to the sharp decrease in energy group, pulling down raw material prices.
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